Edition:
United Kingdom

Promit Mukherjee

India's Reliance Capital rejects PwC's observations after auditor quits

13 Jun 2019

MUMBAI/BENGALURU Reliance Capital said on Thursday the observations of global audit firm PwC about its fiscal accounts were "completely baseless and unjustified", after PwC in a surprise move resigned earlier this week as the auditor of the non-banking financial company (NBFC).

India evacuates hundreds of thousands as cyclone Vayu builds fury

13 Jun 2019

MUMBAI India evacuated hundreds of thousands of people to shelters along the coast in its western state of Gujarat as a cyclone gathering intensity over the Arabian Sea was expected to hit land on Thursday. | Video

Reliance, BP to start work on third gas project in India's Bay of Bengal

11 Jun 2019

MUMBAI India's Reliance Industries Ltd and partner BP said on Tuesday they would start developing a third gas field off India's east coast.

India to evacuate thousands as cyclone nears west coast

11 Jun 2019

MUMBAI Indian authorities are preparing to evacuate 300,000 people along the western coast as a severe cyclone is expected to make landfall on Thursday morning in the state of Gujarat.

RBI to enhance monitoring of shadow banking firms: governor

09 Jun 2019

MUMBAI Reserve Bank of India Governor Shaktikanta Das said the central bank would closely monitor the health of non-banking financial companies (NBFCs) and it would not hesitate to take corrective measures, if needed, to address issues in the shadow banking sector.

India's cenbank to enhance monitoring of shadow banking firms -governor

09 Jun 2019

* To take steps to maintain financial stability of NBFCs if needed

India's central bank relaxes stressed asset guidelines for lenders

07 Jun 2019

MUMBAI The Reserve Bank of India diluted its guidelines on stressed assets and has now mandated banks to undertake a review of a borrower's accounts within 30 days of default, according to a circular issued on Friday.

Chinese group sells Hamleys toy stores to India's Reliance Industries

10 May 2019

MUMBAI/HONG KONG Hamleys, the world's oldest toy retailer, is set to pass from Chinese to Indian control after Reliance Industries Ltd said it had agreed to buy the British high street icon in a deal worth $88.5 million. | Video

India's Reliance Industries sees telecom, retail driving growth

18 Apr 2019

India's Reliance Industries, operator of the world's biggest refining complex, posted a record net profit on Thursday as strong growth in retail and telecom businesses offset the impact of 17-quarter low refining margins.

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